AI will create a permanent underclass

Failure, in their eyes, means being left behind while AI automates large swaths of white-collar work – especially coding jobs, which until now have been a veritable licence to print money – and falling into the ranks of the permanent poor.

the evidence on how AI is affecting the labor market today is inconclusive, and claims about harmful impacts on particular groups of workers are premature.

Long term, autonomous business will create more work for humans, not less. Lasting structural factors such as demographic decline and high-stakes, trust-dependent consumer moments will ensure human talent remains central to running, governing and sca...

There’s suddenly a new possibility, a new opportunity, to go use these tools, learn them, and start your own mini business…Even if there is temporary job displacement to deal with, that sort of glorious future is what we should look forward to.

I'm not a doom and gloomer [...] I don't think you're ever going to take the humans out of the picture and AI is going to do everything and we're going to be left working the drive-through window at McDonald's, [...] at the end of the day, people wil...

I see AI as a modern-day Akshaya Patra — the legendary vessel in Mahabharata that provided endless nourishment to all. Likewise, AI offers limitless augmentation in knowledge, efficiency and productivity. [...] Fourth — We will prove that AI does not...

Unless AI's rise is accompanied by an edict that people can no longer pursue new companies or initiatives, then the technology can't be a subjugation machine without some accompanying rise in empowerment. [...] Unless you're brutally pessimistic abou...

I think there's only a 20% chance of an AI-related underclass that lasts more than a generation, let alone a permanent underclass.

They were the original white collar displacements. New companies with new jobs will come from AI and increase TOTAL employment.

The development and proliferation of AI – far from a risk that we should fear – is a moral obligation that we have to ourselves, to our children, and to our future. We should be living in a much better world with AI, and now we can. [...] Rather t...

The historical record is clear: Innovation waves are disruptive, capital-intensive and often volatile. They can displace workers, concentrate gains early and provoke political backlash. But over time, they raise productivity, restructure labor market...

The claim that AI will produce economy-wide, permanent unemployment is unhelpful marketing, bad economics and worse history. To the contrary, productivity gains should increase demand for labor, because labor becomes more valuable.

Higher taxes on capital income reduce the return on investment, weakening firms' incentives to invest in AI infrastructure, advanced equipment, and productivity-enhancing technologies, which in a global environment where countries such as China are a...

Of course AI will absolutely eliminate some tasks and compress some roles, but the claim that AI will produce economy-wide, permanent unemployment is unhelpful marketing, bad economics and worse history. [...] The future is cheaper intelligence, bigg...

While generative AI has expanded the scope for automation, its primary effect is democratizing expertise, enabling more people to perform knowledge work with less training. [...] AI is positioned to be a massive engine for job creation rather than a ...